Panic selling sends Bitcoin below $60K once again – The pressure piles on!
In the short-term, another price drop below $59k appeared likely, as derivatives markets catch up to the spot-driven move.
BTC sees a relief bounce as Asian stocks wilt following sharp losses on Wall Street.
Asian equities also fell sharply Friday morning, with South Korea's Kospi losing over 8% and triggering a circuit breaker.
June 26, 2026, 5:00 amQuarterly Bitcoin options expiry puts ~$10B at stake, with ~80% OTM and max pain near $72K–$74K.
June 26, 2026, 4:01 amIn the short-term, another price drop below $59k appeared likely, as derivatives markets catch up to the spot-driven move.
Bitcoin’s trek into new 2026 lows continued as spot BTC ETF outflows, a bearish monthly options expiry and Strategy’s unrealized losses widened its gap with AI-connected stock returns.
Chinese mining figure Jiang Zhuoer reportedly expects Bitcoin to bottom between $42,000 and $44,000 in late 2026.
Jeremy Grantham, the billionaire investor who predicted both the dot-com crash and the 2007 housing collapse, says the artificial intelligence (AI) market is the biggest investment bubble in American history and warns that a 70% decline in high-flying AI stocks would not be unexpected.
With OI down and netflows still positive, we may be going into a reset.
Anchorage Digital’s latest analysis shows Bitcoin options traders remain defensive as near-term uncertainty persists, though markets are not pricing an extreme downside scenario for Strategy.
Crypto exchange-traded fund (ETF) flows weakened sharply on Wednesday, June 24, as bitcoin ETFs posted a fifth straight day of outflows with a $469.08 million exit, the largest since June 2. Ether ETFs also remained negative, while XRP was the only category to draw fresh capital.
Saylor's potential Bitcoin sales signal a strategic shift, highlighting the challenges of balancing innovation with financial stability.
The plunge highlights increased market volatility and risk aversion, potentially shifting investor focus to more stable, high-growth sectors.